Longtime game publisher Atari has reported decreased revenues for its most recent fiscal year, and has sold off a number of its remaining assets to refocus its efforts on mobile games.

For the fiscal year ended March 31, 2012, Atari's revenues reached $51.3 million (39.6 million euros), down from $77.8 million (60.1 million euros) in 2011.

The company decreased its losses to $4.8 million (3.7 million euros) from $8 million (6.2 million euros), partially because it chose to divest some of its less-profitable assets. As part of this plan, Atari is looking for a buyer for Eden Games, the French studio responsible for the 2011 racing game Test Drive Unlimited 2.

The company also chose to sell to its remaining stake in GameOne, a French television channel focusing on video games, anime, and more. As a result of this sale, Atari pulled in an additional $7.6 million (5.9 million euros).

Atari also noted that revenues were down because it is still building its mobile games business. The publisher said it saw some "encouraging" performance from mobile games like Breakout: Boost, Atari's Greatest Hits, and Asteroid Gunner, which have collectively seen more than 10 million downloads so far.

Going forward, the company plans to further emphasize its mobile and free to play games as well as maintain its existing suite of digital and online games.

Update: The original version of this story incorrectly reported that Eden Games has been shut down. Atari informs us that there is still a team actively maintaining Test Drive Unlimited 2 at the studio.